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TMS for M30 charts

  • #1,921
  • Mar 23, 2015 8:48pm Mar 23, 2015 8:48pm
Quoting likica
{quote} hi Ken, I am a low tech person and don't use any EA to manage my trades, however from my understanding "Chandelier Stop" is used for exiting a trade with profit...

Hi LK. Many thanks for that. I am finding that my trade management sucks so much on the shorter TFs that I seem to be better off walking away from the computer, or at least letting the trade manage itself, rather than me interfere with it. Not the best way to manage profits I know, but better than cutting trades too quickly.

Great day for you all yesterday considering it was a Monday too. I ended up in profit modestly, but could have been so much better. I wish I could find more success trading Asian session, which due to my location would be better time-wise. I only get to trade the first 3/4 hours of London, so I miss a lot of trades. I am just not good at spotting volatility during Asian. Sometimes, it is flat as a pancake, and other times, makes a big move in Asian, which leaves London ranging a lot of the time.

Anyway, great trading and thread. Good luck to us all.
  • #1,922
  • Mar 23, 2015 10:57pm Mar 23, 2015 10:57pm
Quoting likica
{quote} EA had space to move until it reached those things you mentioned and if you have another look at PA you will see it had double bottom and had a pin bar and apb very small before it headed up, I entered with pullback type with TDI headed up. PA was playing very important here. If you are not sure, have a read Phx62's pdf file from paper clip I posted a while back and learn to recognise it. I did not trade against S/R even though it went thru all of them just like it went down earlier.
hi again likica...yes now i know why you took the E/A trade cause of the double bottom and the wick candle...also likica i want to ask about your psychology while trading...when we enter a long trade the candle stick should always remain green and suddenly the next candle stick got closed red but still didnt hit our stop loss...what should I do when we see a trade goes like that?thank you likica...
  • #1,923
  • Mar 24, 2015 12:48am Mar 24, 2015 12:48am
Quoting vayzardos
{quote} hi again likica...yes now i know why you took the E/A trade cause of the double bottom and the wick candle...also likica i want to ask about your psychology while trading...when we enter a long trade the candle stick should always remain green and suddenly the next candle stick got closed red but still didnt hit our stop loss...what should I do when we see a trade goes like that?thank you likica...
If I monitored the trade, I would exit it when opposite color apb completed unless it was a small tiny apb then I would stay in
Appreciation is the key to wealth and happiness
  • #1,924
  • Mar 24, 2015 12:52am Mar 24, 2015 12:52am
i m in GJ GN shorts... will be back around LO
Appreciation is the key to wealth and happiness
  • #1,925
  • Mar 24, 2015 1:59am Mar 24, 2015 1:59am
Quoting omonisha
GBPNZD-M-30..Got some on retracement {image}
amazing trade OS under the circumstances...

Quoting ken911
I have started to use this "Manual Trader" EA to manage my TMS trades, and I must say I do like it. Seems very reliable, and not too many options. However, could anyone advise me what these 'cs" settings are for. It has all the usual basic settings ie. TP SL BE etc, but I can not think what "cs" stands for which might give me a clue. Any help appreciated. Just notice it says in big letters "Chandelier Stop".................lol so for my next question - What is a Chandelier Stop? OK Just Googled Chandelier, and it is not something I would use, so...
...its a type of trailing stop (based on ADR or ATR) which the EA updates under a given period...
  • #1,926
  • Mar 24, 2015 2:11am Mar 24, 2015 2:11am
red news for EUR @ the LO .... watching...
  • #1,927
  • Mar 24, 2015 2:37am Mar 24, 2015 2:37am
Quoting griffinssoul
red news for EUR @ the LO .... watching...
so no trade for today guys?
i just go short on E/A and got hit SL - 30 pip
also im in on G/U short candle change color get -20 pip
  • #1,928
  • Mar 24, 2015 2:40am Mar 24, 2015 2:40am
Quoting vayzardos
{quote} so no trade for today guys? i just go short on E/A and got hit SL - 30 pip also im in on G/U short candle change color get -20 pip
Hi vayzardos, when red news is @ LO i dont trade until 15M after LO... .... TIP: when uncertain put in a very light trade to see which way the money is flowing...
  • #1,929
  • Mar 24, 2015 3:09am Mar 24, 2015 3:09am
Hello, which pairs do you observe today for trade guys??

What do you think about EU ?

Attached Image (click to enlarge)
Click to Enlarge Name: buy eu.png Size: 59 KB


What about UsdJpy?

Attached Image (click to enlarge)
Click to Enlarge Name: what about usdjpy.png Size: 64 KB
  • #1,930
  • Mar 24, 2015 3:13am Mar 24, 2015 3:13am
Quoting Mariodrugs
Hello, which pairs do you observe today for trade guys?? What do you think about EU ? {image}

EURGerman Flash Manufacturing PMI

wait 15 min
  • #1,931
  • Mar 24, 2015 3:13am Mar 24, 2015 3:13am
I like EJ/ECad long (needs 4H supp)... EA long, really, it had the fake break low then pushed up???

EU long ... weak US$...blah blah... UCad short ...weak.... ???

EN - gr8 loop on cross
  • #1,932
  • Edited 3:43am Mar 24, 2015 3:18am | Edited 3:43am
Quoting Trader MT4
{quote} EURGerman Flash Manufacturing PMI wait 15 min
...bit of BS but better to wait always...

EJ broke strong res - watching
EN head-butting res... break...
EU head-butting BRN...

stay frosty - dont lose your pants
  • #1,933
  • Mar 24, 2015 3:40am Mar 24, 2015 3:40am
funny when seeing EU up after neg news out, well, trade what I saw and jumped in EA EJ long
Appreciation is the key to wealth and happiness
  • #1,934
  • Mar 24, 2015 3:41am Mar 24, 2015 3:41am
newbie question..

in TDI do we wait green or red line to cross yellow line before taking any trade or can we open trade if red and green crosses but didn't cross yellow?
  • #1,935
  • Mar 24, 2015 3:43am Mar 24, 2015 3:43am
Quoting Mariodrugs
Hello, which pairs do you observe today for trade guys?? What do you think about EU ? {image} What about UsdJpy? {image}
EU strong up but not sure if until it closed above my weekly S/R. I don't normally trade EU GU AU...don't take my words tho, if I do, I tend to switch chart to M15 for my entries as they don't move as fast and as big like GA EA GJ EJ
Appreciation is the key to wealth and happiness
  • #1,936
  • Mar 24, 2015 3:44am Mar 24, 2015 3:44am
Quoting likica
funny when seeing EU up after neg news out, well, trade what I saw and jumped in EA EJ long
yeah its very technical L - its called BS red news ....
  • #1,937
  • Mar 24, 2015 3:45am Mar 24, 2015 3:45am
Quoting likica
{quote} EU strong up but not sure if until it closed above my weekly S/R. I don't normally trade EU GU AU...don't take my words tho
Oh, sh------t dont actually trade EU (maybe scalps)... just watch....
  • #1,938
  • Mar 24, 2015 3:46am Mar 24, 2015 3:46am
Quoting Mashiro
newbie question.. in TDI do we wait green or red line to cross yellow line before taking any trade or can we open trade if red and green crosses but didn't cross yellow?
i dont watch for cross of yellow (MBL) - just that yellow must be sloping in direction of trade
  • #1,939
  • Edited 4:07am Mar 24, 2015 3:55am | Edited 4:07am
GBP CPI coming up next - could be a change? Any1 got any views?

US$ DB on the 30M....
  • #1,940
  • Mar 24, 2015 4:52am Mar 24, 2015 4:52am
Quoting griffinssoul
GBP CPI coming up next - could be a change? Any1 got any views? US$ DB on the 30M....
market moved 3Ds today , not sure if it got drunk at car park or something
Appreciation is the key to wealth and happiness
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